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Analysts at Macquarie said that the RBI's proposed norms are 'onerous' and, if implemented, they can dampen recovery in project finance or capex cycle.

Nifty PSU Bank index rallies 2.5% as public lenders may oppose RBI's proposed norms on infra project financing

On the higher side, resistance for the Nifty is seen in the range of 22,700-22,775. The upside momentum is likely to accelerate once the all-time high of 22,775 is taken out.

Hot Stocks: Pick Indian Metals &amp; Ferro Alloys, IOB, Tata Power for 10-14% return in short term

After the sustained run in these stocks, analysts have been cautioning investors. While a section of the market continues to believe the re-rating in state-owned companies as a whole was very much warranted, some have turned skeptical.

PSU shares tumble: Rs 6.4 lakh crore wealth destroyed in past 3 sessions

Looking forward, immediate resistance levels for Nifty are identified at 21,850, with an additional hurdle at 22,124, representing the life high level. On the downside, crucial support levels lie at 21,350 and 21,100.

Hot stocks: Double-digit gains likely in BSE, Container Corporation, Indian Overseas Bank

BoB's Joydeep Dutta Roy has been appointed as executive director of IOB.

Govt reshuffles top executives at IOB, BoB

RBI on November 16 said that it has increased risk weight by 25 percent on consumer credit exposure of commercial banks and non-banking finance companies (NBFCs).

Indian Overseas Bank sees 35 bps impact due to RWA norms, says MD and CEO

Indian Overseas Bank engages in the provision of commercial banking services. It operates through the following business segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Operations. The company was founded by Muttaiya Chidambaram Chettiar Chettyar on February 10, 1937 and is headquartered in Chennai, India.

Watchers	747
52-Wk Low	23.70
52-Wk High	83.75

Volume	125.03M
52-Wk High	83.75
52-Wk Low	23.70

IOB.NSE Indian Overseas Bank

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